Dear Shareholders,
I am pleased to share the latest information on the significant progress made in American West Metals’ portfolio.
Our strategy has continued to yield significant results, focusing on advancing near-term copper development at Storm, while unlocking the full potential of our US critical metals deposit, West Desert.
Storm Copper Project (Nunavut, Canada)
It has been an outstanding quarter for Storm.
Drilling at the Cyclone deposit encountered thick, high-grade copper sulfides outside of the current pit design – including 12.1m at 5.6% Cu and 21g/t Ag from 70m downhole, with peak values of an incredible 27.3% Cu. These results underpin a significant resource upgrade and expansion, which is currently underway.
Meanwhile, regional exploration continues to generate excitement.
A 16km conductive corridor defined by new airborne geophysical surveys, and the discovery of extensive copper gossans over 8km along the Storm-Tornado corridor, confirm the enormous scale of this system.
In terms of development, PFS field work is complete and key permit applications to support future mining operations have been submitted. Importantly, new Canadian legislation – the Resource Project Fast-Track Bill – is intended to accelerate the approval of strategic projects such as Storm.
West Desert Project (Utah, USA)
At the 100% company-owned West Desert project in Utah, the company has commenced a systematic sampling program for indium and gallium – a significant opportunity as only a small portion of historical drilling has been assayed for these critical metals. West Desert already hosts the largest indium resource in the United States, and the current program aims to significantly expand this presence while unlocking the considerable gallium potential.
The $7 million placement completed during the quarter, including a $2 million strategic investment from Tribeca, provides the necessary capital to advance this strategy. Collaboration with US authorities is also being further expanded, underpinned by recent meetings with the Governor of Utah.
American West Metals Company Highlights
- The company’s momentum has increased as American West is now trading on the OTCQB Venture Exchange, significantly improving visibility and access for North American investors. This is in line with the growing interest in AW1 as an emerging supplier of critical metals that are central to the strategic supply chains of the USA.
- $7 million was raised from domestic and global institutions to advance Storm and West Desert.
- Ongoing discussions with US authorities regarding government funding assistance for West Desert.
- Increased visibility and investor engagement as global markets for copper and critical minerals heat up.
What’s Next
Looking ahead, shareholders can continue to expect a strong news flow. Upcoming catalysts include further drill results from Storm, an updated mineral resource and progress on the PFS, initial indium and gallium assays from West Desert, and the continued expansion of relationships with US investors and the government.
With two globally significant projects, rising copper prices and strong investor support, American West is heading into the end of the year with real momentum – and many more news to come.
Sincerely,
Dave O’Neill
Managing Director
American West Metals (ASX: AW1)
www.americanwestmetals.com
| IN THE PRESS November 17, 2025, GoldInvest – November 17, 2025, West Australian – November 12, 2025, Next Investors – October 27, 2025, GoldInvest – October 27, 2025, West Australian – American West to relook at old drill core October 20, 2025, Discovery Alert – October 20, 2025, West Australian – October 20, 2025, Gold Invest – October 16, 2025, Next Investors – Our new Investment: American West October 16, 2025, West Australian – American West doubles after cap raise |
| For enquiries: Dave O’Neill Managing Director info@aw1group.com +61 8 6109 6653 Dannika Warburton Investor Relations info@investability.com.au +61 401 094 261 |
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